Market Glossary & Definitions

A technical index of common terminology used within the Solana ecosystem. This resource is designed to help developers and analysts understand key network metrics.

Solana Network Status

Refers to the real-time operational state of the Mainnet-Beta cluster. Analysts monitor this for "liveness" and block production continuity.

Blockchain Explorer

A software interface (GUI) that allows users to query the ledger. It visualizes blocks, transactions, and program accounts in a human-readable format.

Transaction Speed (TPS)

"Transactions Per Second." A metric used to measure throughput. On Solana, this often ranges from 2,000 to 4,000 TPS, depending on network demand.

Gas Fees (Priority Fees)

The cost required to process a transaction. While Solana fees are generally sub-cent, "Priority Fees" can be added to expedite processing during congestion.

Network Congestion

A state where the demand for block space exceeds supply, often caused by high-frequency trading or NFT mints, leading to dropped packets or latency.

Ecosystem Map

A visual representation of the various decentralized applications (dApps), wallets, and infrastructure projects built on top of the Layer 1 protocol.